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Investment Management

Our Investment Management Practice Group is one of the leading practices of its kind in the United States. With more than 100 of our 300+ lawyers dedicated to serving funds and investor clients worldwide from our headquarters in New York City and offices across the nation, we are a force in the industry.

We are creative, passionate, and deeply invested in the interests of our clients, our colleagues, and our communities. We provide the full spectrum of legal services to hedge funds, private equity funds, distressed debt funds, credit funds, venture capital funds, real estate funds, funds of funds, and other pooled investment vehicles, as well as to investment advisors, commodity pool operators, commodity trading advisors, broker-dealers, and institutional investors. Our client relationships are long-standing and deep. We represent many of the nation's largest and best-known asset managers, investors, and other market participants, and we are dedicated to consistently delivering the best law firm experience. Our Investment Management Practice Group lawyers are regularly recognized by clients and industry groups, including Chambers USA and Chambers Global, U.S. News Best Law Firms, and The Legal 500.

Learn more about practice areas within the Investment Management Practice Group:

PRESS MENTIONS

Ethan L. Silver was featured in both American Bankerand Interactive Investor, commenting on the US Securities and Exchange Commission’s (SEC) reticence to approve new cryptocurrency, despite encouraging more discussion. Silver states that: “the practical realities are that there has been a lot of meetings and discussions that have yielded little progress." He agrees with SEC Commissioner Hester Peirce that the Howey Test – used by US regulators to determine what should be considered a security – is “overly broad.” Silver asserts that until the SEC provides clarity on how digital assets should be custodied under its existing rules, a bitcoin exchange-traded fund (ETF) will never be approved.

Ethan L. Silver is quoted in CoinDesk,CoinWire, Invest in Blockchain, and XBT.netregarding the U.S. government shutdown’s effect on cryptocurrency progress on Wall Street. Silver anticipates that, should the shutdown continue, any remaining staffers would most likely reject the rule change proposal for the highly anticipated exchange-traded fund, in lieu of allowing it to be approved on a technicality.

Ethan L. Silveris quoted in InvestmentNewsaddressing cryptocurrency market manipulation and custody as it relates to the possibility of a crypto-ETF entering the market in 2019. Silver states that the challenge for the SEC is how to integrate this new technology into the existing SEC rules.

Peter D. Greeneis quoted in Barron’sdiscussing a recent lawsuit filed against The Weather Channel app by the City of Los Angeles for dishonestly gathering and selling users’ location information to hedge funds and money managers that use such data to gain insights regarding consumer behavior. Greene notes that more suits against alternative data collection could eventually be filed and advises his clients to remain vigilant with regard to data provenance. (subscription required to access article)

Gary M. Wingensand Benjamin Kozinn are mentioned in The American Lawyerin an article discussing 2018 as a strong year for U.S. law firms. The article notes that Wingens reported Lowenstein’s 51.4 percent revenue growth over the past decade. Kozinn states the firm’s hedge fund clients, among others, recognize the whole value proposition that Lowenstein represents and provides.

In an interview with American Banker, Ethan L. Silver comments on recent attempts of startups to obtain Securities and Exchange Commission (SEC) approval for security tokens issued under Reg A. Silver reflects on the continued lack of effectiveness of such filings, asserting that the SEC will need to be confident in the protection afforded by the proposed technology in order to approve crypto assets as a legitimate investment vehicle.

Benjamin Kozinn points to a confluence of issues present in a cracked economy which led to the 2008 global financial crisis in an interview with The Hedge Fund Law Report. In the first of a two-part series, Kozinn provides an insider’s assessment of the crisis—the causes, the role that hedge funds played, and the regulatory changes in its aftermath (including passage of the Dodd-Frank Act)—and the new focus on counterparty risk. Kozinn also provides insight into the evolution of hedge fund managers as a result of the crisis and the issues behind increased levels of scrutiny. In part two of the series, Kozinn discusses the growing importance of chief compliance and chief operating officers since 2008, growing institutionalization and scrutiny of the hedge fund business, and factors behind a 2018 decrease in fund launches. In addition, Kozinn looks at the state of financial regulation and why the next downturn will reinvigorate hedge funds and spur a search for fresh talent.

The Hedge Fund Law Report conducts an in-depth interview with Peter D. Greene regarding the GDPR’s impact on private funds’ use of alternative data. Issues addressed include how the GDPR might affect how funds buy and use alternative data; how the GDPR may impact funds’ internal generation or gathering of alternative data; funds’ due diligence in data vendor selection; and immediate steps funds can take to ensure GDPR compliance.

In a three-part article, The Hedge Fund Law Report quotes Peter D. Greene and Benjamin Kozinn regarding fund managers’ collection (often through vendors) and use of big data, liability risks associated with acquisition and use of material nonpublic information, and data privacy issues surrounding access to and use of personally identifiable information.